236 BCa/19/42 HOUSING REVENUE ACCOUNT FINANCIAL MONITORING 2019/20 QUARTER 3 PDF 392 KB
Cabinet Member for Finance
Decision:
It was RESOLVED:-
1.1 The potential or likely variations in relation to the HRA both Revenue and Capital compared to the Budget be noted.
1.2 That, subject to any further budget variations that arise during the rest of the financial year, the in-year shortfall in funds of £320k, referred to in section 5.6 of the report, be noted.
1.3 The revised 2019/20 Capital Programme referred to in Appendix A and section 5.9 of the report be noted.
Reason for Decision:To ensure that Members are kept informed of the current budgetary position for both the HRA Revenue and Capital Budgets.
Alternative Options Considered and Rejected: At this stage in the year, make no recommendation for the transfer of funds from reserves.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Minutes:
Report BCa/19/42 was introduced by the Cabinet Member for Finance who moved the recommendations. This was seconded by Councillor Osborne.
Councillor Busby queried why planned maintenance works were 10% over budget and asked how often a review of planned maintenance works was undertaken. In response the Assistant Director for Housing advised that two stock condition surveyors had been employed to carry out assessments of the conditions of the housing stock to ensure a funded planned maintenance programme could be put in place. Members were also advised that a restructure of the team had been carried out with additional asbestos and fire risk assessment surveyors being employed to reduce dependency on external contractors.
By a unanimous vote
It was RESOLVED:-
1.1 The potential or likely variations in relation to the HRA both Revenue and Capital compared to the Budget be noted.
1.2 That, subject to any further budget variations that arise during the rest of the financial year, the in-year shortfall in funds of £320k, referred to in section 5.6 of the report, be noted.
1.3 The revised 2019/20 Capital Programme referred to in Appendix A and section 5.9 of the report be noted.
Reason for Decision:To ensure that Members are kept informed of the current budgetary position for both the HRA Revenue and Capital Budgets.